APBS

• The APB System sub-serves the goal of Financial Inclusion and provides an opportunity for the Government to attempt financial re-engineering of its subsidy management program. The implementation of APB System has also led to the electronification of a large number of retail payment transactions which were predominantly either in cash or cheque.

• Eliminates inordinate delays, multiple channels & paper-work involved in the existing system.
• Transfers benefits & subsidies in a seamless & timely manner and directly into the Aadhaar Enabled Bank Account.
• In case of change in a bank account, the customer is not required to convey the bank account details or change in bank details to the Government Department or Agency.
• Customer not required to open multiple bank accounts for receiving benefits and subsidies of various social welfare schemes – Customer just needs to open one account and seed his/her Aadhaar number in the bank account to start receiving benefits and subsidies directly into his/her Aadhaar Enabled Bank Account.

Aadhaar Payment Bridge (APB) System, one of the unique payment systems implemented by NPCI, uses Aadhaar number as a central key for electronically channelizing the Government benefits and subsidies in the Aadhaar Enabled Bank Accounts (AEBA) of the intended beneficiaries.